Pauli Lohi has completed a new company report on Tamtron in his spare time. 
We see Tamtron as an attractively valued and competitive company that could soon receive a boost to its earnings growth from, among other things, the revitalization of European industrial activity. In addition, the company has expanded the sales of its Finnish-origin products to new markets, which in turn supports growth regardless of economic cycles. The moderately developed share price combined with an upward cyclical timing, in our opinion, opens up an even more attractive buying opportunity for the stock than usual. This year’s guidance still includes a small risk due to deliveries being exceptionally heavily weighted towards the end of the year, which is, however, compensated by the attractive valuation. We raise our recommendation to buy (previously add) and the target price to 6.4 euros (previously 6.2 €).